when traders choose which market to trade, they are looking for optimal trading conditions and the best chance of taking a profit. There are many reasons why millions of traders across the world trade on everyday basis and on the following markets.
trade markets at
There are hundreds of different financial assets to trade on Monyxa, across several categories: commodities, cryptoassets, currencies, indices and ETFs. Each asset class has its own characteristics, and can be traded using a variety of investment strategies. Some positions on Monyxa involve ownership of underlying assets, such as long (BUY), non-leveraged positions on stocks and cryptos. Other employ CFDs, which enable a variety of options, such as leveraged trades, short (SELL) positions, fractional ownership and more.
weGrowing incredibly in popularity in recent years, cryptoassets, such as Bitcoin and Ethereum, have become the go-to investment option for many traders. With an ever-growing selection of cryptos added to the platform, and a unique CryptoPortfolio investment strategy which offers exposure to the market and is managed by Monyxa’s investment committee, Monyxa presents many options for those who wish to trade and invest in the crypto market.
Cryptoassets display extremely high volatility, and it is quite common to see double-digit percentage fluctuations in a single day. Bitcoin, which is the first and largest crypto, is considered to be the benchmark for this market, and other assets’ charts often move in the same direction as Bitcoin.
Buying crypto on Monyxa means you are investing in the underlying asset, and the crypto is purchased and held by Monyxa on your behalf. Buying and selling the underlying assets are unregulated and have no investor protection.
Monyxa also function as a crypto exchange facility, where you can, unlike other brokers, easily deposit fiat money and withdraw crypto
The stock market is dynamic and presents many options for traders. Stocks are usually considered suitable for medium- to long-term investments. Each stock is affected by different market events and could go up or down in value following announcements such as earnings reports, new product launches, and changes in competitors’ stock prices.
For example, if a smartphone manufacturer receives negative press following a malfunction in one of its product series, it is possible that its direct competitors’ share prices will rise. Companies which make profits, often share dividends with their shareholders at a fixed payment per share.
Buying a stock on Monyxa by opening a BUY (long), non-leveraged position, means you are investing in the underlying asset*, and the stock is purchased and held in your name.
However, Monyxa also offers additional functions using CFD trading. With CFDs, you can open SELL (short) positions, use leverage, and buy fractional shares. For example, on Monyxa’s platform you can invest as little as $100 in a stock that actually costs $500.
The foreign currency exchange market, also known as Forex, is the biggest market in the world, with a trading volume average of more than $5 trillion a day. It is also an incredibly volatile market, with changes happening within a matter of seconds.
Since it is such a dynamic market, currency traders are usually very active, sometimes opening and closing trades within minutes. Movement in currency is measured in very small units, known as “pips” (0.0001), and require substantial capital to generate noticeable profits.
For this reason, most trading platforms offer leveraged transactions at a fixed ratio. For example, if the ratio is set to 1:100, then for each $1 invested, the platform loans the trader an additional $99. Leveraging is considered a double-edged sword, since losses are also leveraged, and can result in funds depleting rapidly.
Each currency is affected by various factors, including central banks’ interest rate decisions, a certain country’s export statistics, and other events.
Trading commodities is one of the most ancient trading practices in the world, dating back thousands of years. Commodities are unique, given that they have a real world physical representation. Whether it’s an energy source, such as oil, or a precious metal like gold or platinum, commodities exist in the real world and, therefore, are also affected by real world events.
For example, if oil reservoirs are in surplus, it is likely that prices will drop accordingly. In addition, some commodities are considered safe-haven assets, meaning they can add stability to a portfolio which consists of highly volatile assets. For example, many foreign currency traders turn to gold futures when the market becomes too volatile, as gold prices are more stable overall, while still relating to the foreign exchange market.
Every major stock market around the world has an index, or several indices, which reflect the status of a specific segment of that market. Indices are considered more stable than individual stocks, since they contain many different assets, which tend to balance each other out.
For example, the NASDAQ index on Wall Street aggregates major companies from the tech sector, such as Apple and Google, and since it contains rival companies, if one falls, sometimes its competitor will rise, maintaining the index’s overall balance.
Since companies vary in size and market cap, each stock has a different effect on the index, meaning some carry more weight. For example, since Apple has more weight than smaller companies within the NASDAQ index, if Apple’s stock rises significantly, it could lift the entire index’s value.
The minimum deposit is $250 for a Silver account, and of course you can upgrade your account to higher levels by adding more funds to your initial investment. Please check types of accounts.
No, you cannot lose more than the amount you deposited. Should the slippage of a certain currency pair cause a negative balance, it will be reset automatically by our systems with your next deposit.
“Stop Loss” is an order for closing a previously opened position at a price less profitable for the client than the price at the time of placing the stop loss. Stop loss is a limit point that you set to your order. Once this limit point is reached, your order will be closed.
Take profit is an order to close a previously opened position at a price more profitable for the client than the price at the time of placing the take profit. When the take profit is reached, the order will be closed.
Yes, we do. You are free to hedge your positions on your trading account. Hedging takes place when you open a LONG and a SHORT position on the same instrument simultaneously. When you open a BUY and a SELL position on the same instrument and in the same lot size, the margin is 0.
However, when you open a BUY and a SELL position on a CFD of the same type and lot size, the margin is only needed once.
Leverage is the multiplication of your balance. This allows you to open bigger trading positions since the margin required will be lowered according to the leverage you have chosen. Even though with leverage you can make a bigger profit, there is also a risk of having a bigger loss because the positions you open will be of higher volume (lot size).
Account balance: 100 USD
Account leverage: 1:100
For your trading capital this means 100 * 100 USD = 10,000 USD to trade (instead of 100 USD).